Alpha Family Trust Acquires 245 Shares of McDonald’s Co. (NYSE:MCD)

Alpha Family Trust raised its holdings in shares of McDonald’s Co. (NYSE:MCD) by 17.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,650 shares of the fast-food giant’s stock after acquiring an additional 245 shares during the quarter. Alpha Family Trust’s holdings in McDonald’s were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in MCD. Gilbert & Cook Inc. increased its holdings in shares of McDonald’s by 20.7% in the fourth quarter. Gilbert & Cook Inc. now owns 4,384 shares of the fast-food giant’s stock worth $1,300,000 after purchasing an additional 753 shares during the period. Aveo Capital Partners LLC increased its holdings in shares of McDonald’s by 14.5% in the fourth quarter. Aveo Capital Partners LLC now owns 1,899 shares of the fast-food giant’s stock worth $563,000 after purchasing an additional 240 shares during the period. 9258 Wealth Management LLC increased its holdings in shares of McDonald’s by 4.2% in the fourth quarter. 9258 Wealth Management LLC now owns 2,796 shares of the fast-food giant’s stock worth $829,000 after purchasing an additional 113 shares during the period. Gryphon Financial Partners LLC increased its holdings in shares of McDonald’s by 99.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 5,892 shares of the fast-food giant’s stock worth $1,722,000 after purchasing an additional 2,935 shares during the period. Finally, Clearbridge Investments LLC increased its holdings in shares of McDonald’s by 272.9% in the fourth quarter. Clearbridge Investments LLC now owns 22,983 shares of the fast-food giant’s stock worth $6,815,000 after purchasing an additional 16,819 shares during the period. Institutional investors own 70.29% of the company’s stock.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $260.00, for a total transaction of $285,480.00. Following the completion of the sale, the insider now owns 14,780 shares of the company’s stock, valued at $3,842,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Marion K. Gross sold 1,498 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $248.26, for a total transaction of $371,893.48. Following the sale, the executive vice president now directly owns 1,560 shares of the company’s stock, valued at approximately $387,285.60. The disclosure for this sale can be found here. Insiders sold 6,291 shares of company stock worth $1,689,073 over the last three months. Company insiders own 0.23% of the company’s stock.

McDonald’s Trading Up 0.0 %

McDonald’s stock opened at $296.66 on Tuesday. The firm has a 50-day moving average of $273.87 and a 200-day moving average of $270.50. The firm has a market cap of $213.80 billion, a P/E ratio of 25.18, a P/E/G ratio of 3.88 and a beta of 0.72. McDonald’s Co. has a 1-year low of $243.53 and a 1-year high of $302.39.

McDonald’s (NYSE:MCD) last issued its quarterly earnings data on Monday, July 29th. The fast-food giant reported $2.97 EPS for the quarter, missing the consensus estimate of $3.07 by ($0.10). McDonald’s had a negative return on equity of 178.68% and a net margin of 32.25%. The company had revenue of $6.49 billion during the quarter, compared to analysts’ expectations of $6.62 billion. During the same quarter last year, the business earned $3.17 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Research analysts forecast that McDonald’s Co. will post 11.67 earnings per share for the current fiscal year.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $1.67 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $6.68 annualized dividend and a yield of 2.25%. McDonald’s’s dividend payout ratio (DPR) is presently 56.71%.

Analyst Ratings Changes

Several research analysts have recently weighed in on MCD shares. Barclays decreased their price target on shares of McDonald’s from $320.00 to $300.00 and set an “overweight” rating on the stock in a report on Tuesday, July 30th. Guggenheim increased their target price on McDonald’s from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Wedbush reissued an “outperform” rating and issued a $295.00 target price on shares of McDonald’s in a research note on Monday, July 29th. The Goldman Sachs Group assumed coverage on McDonald’s in a research note on Thursday, June 13th. They issued a “neutral” rating and a $288.00 target price on the stock. Finally, Bank of America reduced their target price on McDonald’s from $288.00 to $278.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 30th. Eleven analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat, McDonald’s presently has a consensus rating of “Moderate Buy” and an average target price of $306.11.

McDonald’s Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.